After five days of printing green candles on its 1-day price chart, Bitcoin has endured minor losses on Sept. 4 with its price dipping below the $10,500 level.
While bears are drooling over the thought of another major pullback, some top traders predict that Bitcoin is not going down this time.
Alex Krüger believes that the Bitcoin price will go to “at least” $11,300 if it manages to break above the $10,800. Conversely, a break below $9,800 would revitalize the short-term bearish view.
In the meantime, Josh Rager points out that Bitcoin has managed to find a good supply and demand area, but traders shouldn’t adopt a wait-and-see approach. There is still a possibility that we will see days or even weeks of sideways trading.
As reported b U.Today, financial analyst Clem Chambers predicted that the BTC price could skyrocket to $20,000 on the heels of the global economic turmoil.